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    The city of Los Angeles has passed a new ordinance to protect homeowners from fraudulent mortgage modification consultants. The new protections include that consultants cannot charge advance fees to modify a mortgage, homeowners have the right to a contract and can cancel within 7 days, and victims of fraud can sue for triple damages. The ordinance provides resources for homeowners at several WorkSource centers around Los Angeles.

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    New Homeowner Protections

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    The city of Los Angeles has passed a new ordinance to protect homeowners from fraudulent mortgage modification consultants. The new protections include that consultants cannot charge advance fees to modify a mortgage, homeowners have the right to a contract and can cancel within 7 days, and victims of fraud can sue for triple damages. The ordinance provides resources for homeowners at several WorkSource centers around Los Angeles.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    13 views1 page

    New Homeowner Protections

    Uploaded by

    ad.file8361
    The city of Los Angeles has passed a new ordinance to protect homeowners from fraudulent mortgage modification consultants. The new protections include that consultants cannot charge advance fees to modify a mortgage, homeowners have the right to a contract and can cancel within 7 days, and victims of fraud can sue for triple damages. The ordinance provides resources for homeowners at several WorkSource centers around Los Angeles.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    Foreclosure resources

    Los Angeles Has Passed A New Ordinance are now available at these
    WorkSource Centers
    Protecting Homeowners Against Fraudulent
    West Adams–Baldwin Hills
    Mortgage Modification Consultants WorkSource Center
    5681 W. Jefferson Blvd., Los Angeles, 90016
    (323) 525-3740 | TTY: (323) 931-9076
    www.laul.org
    New Homeowner Protections:
    Metro North WorkSource Center
    342 San Fernando Rd., Los Angeles, 90031
    (323) 539-2000 | TTY: (323) 539-2057
    www.goodwillsocal.org
    1. No work, no Fee. It is now illegal for mortgage
    consultants to charge an advanced fee to Southeast LA–Watts WorkSource Center
    modify a mortgage. 10950 S. Central Ave., Los Angeles, 90059
    (323) 563-4702 | TTY: (323) 563-5684
    2. The homeowner has the Right to a Contract. www.wlcac.org

    3. The homeowner has the Right to Cancel a Van Nuys–North Sherman Oaks
    15400 Sherman Way, Suite 140, Van Nuys, 91406
    Contract, no questions asked, within 7 (818) 781-2522 | TTY: (818) 374-7024
    days. www.worksourcecalifornia.com

    4. Loan modification fraud victims have Sun Valley WorkSource Center


    the Right to Sue for triple damages, 9024 Laurel Canyon Blvd., Sun Valley, 91352
    (818) 504-0334 | TTY: (818) 504-1974
    court costs, and attorney fees. www.wscalnetwork.org

    South LA WorkSource Center


    7518 S. Vermont Ave., Los Angeles, 90044
    (323) 752-2115 | TTY: (323) 752-9215
    www.cciworksource.org

    If you’re looking for a job or were laid off,


    Visit www.lacity.org/WIB

    Equal opportunity program/employer.


    Auxiliary aids and services available upon request.

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